2771 Royal Palm Ave Fort Myers, FL 33901

This exceptional Class A, 33-unit apartment building presents a compelling investment opportunity. Completed in 2023, the property boasts a 100% occupancy rate and a strong NOI of $560,340, translating to a 6.65% cap rate. The asking price is $5,595,000, or $169,545 per unit. Situated on a 0.902-acre lot in Fort Myers, Florida (Lee County, zip code 33901), this three-story building offers 29,760 square feet of net rentable space. Each of the 33 identical units features an open floor plan, gray luxury vinyl plank flooring, brushed nickel fixtures, shaker cabinets, granite countertops, stainless steel appliances, and a stackable washer/dryer. Building amenities include a beautifully landscaped area with assigned parking, covered mailboxes, a dog area, and a fully enclosed dumpster area. Further enhancing the property's value are a bulk package Wi-Fi system, ADT security system, and Schlage keyless entry door knobs with Chime doorbell cameras in each unit. The property is zoned AE. This turnkey investment offers immediate cash flow and significant upside potential in a thriving Florida market. The property's location provides easy access to beaches, nature preserves, and local attractions.